Effective governance and transparency are essential for sovereign wealth funds (SWFs), as they play a critical role in fostering public trust, ensuring accountability, and implementing safeguards against malfeasance that could undermine long-term stability and legitimacy.

Asia School of Business director and senior lecturer Elsa Satkunasingam said clear governance processes help ensure that SWFs effectively fulfil their responsibility to manage national wealth for current and future generations.

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Originally published by The Sun.